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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Herc who wrote (12979)	2/20/1999 4:39:00 PM
From: genejockey	Read Replies (4) \| Respond to of 122087

I believe that OMGA was a merlin pick 1 or 2 weeks ago. What often happens is that a Merlin or TMex might single out a relative underperforming co. and give it out as a pick, next thing you know is that their followers buy the stock and it starts zooming (esp. if it has a large float). Then daytraders at large see the stock zooming and hop on for the ride. I believe the reason that OMGA has some staying power is that it is a legit co. with legit plans, and so after the runup, I believe there were people who actually bought the stock thinking that the runup was due to the fundamemtals of the company. ie. a Co. like MHMY was a daytrader toy which ran up and crashed fairly quickly cause it was/is total trash. Although OMGA is overvalued, it isn't total trash/scam like MHMY, so it's easier for longs to delude themselves into thinking the stock is worth it's price.--- NOT HOWIE